| Classified Balance Sheet- revenue/expenses? Hi there. i have an assignment due tomorrow and I have to come up with a classified balance sheet.
Here is the problem, I am having troubles knowing where to put the expenses (insurance, depreciation, interest).. and also the revenue?? I've looked in my book and i can't figure it out where they go. Please help!
Okay here are the things that I need to include in the CBS:
Building
acct. receivable
prepaid insurance
cash
equipment
land
insurance expense
depreciation expense
interest expense
common stock
retained earnings (january 1, 2007)
accumulated depreciation- building
accounts payable
mortgage payable
accumulated depreciation-equipment
interest payable
bowling revenues.
Can someone help me to make sure I get the expenses and revenue in the right spot.. and if you could just say where the other ones are included too, to be sure I got them right.
Thanks a bunch. |